Dropbox Could Set Tone For More 'Unicorn' IPOs

Law360 (February 27, 2018, 9:18 PM EST) -- A planned initial public offering by file-storage giant Dropbox Inc. could influence whether more of Silicon Valley's elite corps of venture-backed startups — a deep roster of richly valued, private technology companies commonly called "unicorns" — follow suit in 2018, experts say.

San Francisco-based Dropbox, which made its first public filing toward a $500 million offering on Friday, could price the deal by late March in what would be the first major venture-backed tech IPO of the year. Deals lawyers will watch closely to see how the market receives Dropbox, as it's going public during a relatively active IPO market that's nevertheless...

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